NewEdge Wealth LLC Purchases 817,950 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

NewEdge Wealth LLC grew its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 2,277.9% during the fourth quarter, HoldingsChannel reports. The firm owned 853,858 shares of the company’s stock after buying an additional 817,950 shares during the period. NewEdge Wealth LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $3,253,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSOS. Sanctuary Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $36,000. Edge Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $42,000. One Plus One Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $45,000. Perigon Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $66,000. Finally, Foundations Investment Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $77,000.

AdvisorShares Pure US Cannabis ETF Stock Down 4.3 %

Shares of NYSEARCA MSOS opened at $3.10 on Friday. The firm has a market cap of $424.17 million, a PE ratio of 12.20 and a beta of 1.29. AdvisorShares Pure US Cannabis ETF has a 12-month low of $3.09 and a 12-month high of $11.36. The company’s fifty day simple moving average is $3.52 and its 200 day simple moving average is $5.18.

About AdvisorShares Pure US Cannabis ETF

The AdvisorShares Pure US Cannabis ETF (MSOS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed narrow portfolio of US stocks or swap contracts related to the domestic cannabis and hemp industry. MSOS was launched on Sep 1, 2020 and is managed by AdvisorShares.